Definition of Marginal cost

1. Noun. The increase or decrease in costs as a result of one more or one less unit of output.

Exact synonyms: Differential Cost, Incremental Cost
Generic synonyms: Cost, Monetary Value, Price

Definition of Marginal cost

1. Noun. The increase in cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output. Additional cost associated with producing one more unit of output. ¹

¹ Source:

Marginal Cost Pictures

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Lexicographical Neighbors of Marginal Cost

margin of acetabulum
margin of error
margin of fossa ovalis
margin of orbit
margin of profit
margin of safety
margin of the tongue
marginal adaptation
marginal artery of colon
marginal artery of drummond
marginal benefit
marginal benefits
marginal blepharitis
marginal corneal degeneration
marginal cost (current term)
marginal cost of capital
marginal costs
marginal crest
marginal distribution
marginal farmer
marginal fasciculus
marginal gingivitis
marginal gyrus
marginal keratitis
marginal layer
marginal mandibular branch of facial nerve
marginal part of orbicularis oris muscle
marginal placentation
marginal rays

Literary usage of Marginal cost

Below you will find example usage of this term as found in modern and/or classical literature:

1. Energy Policies of IEA Countries by International Energy Agency (2004)
"Figure 21 shows the marginal cost of production in the Nordic electricity system. Prices in a given year are largely dictated by the production levels at ..."

2. Paying for Highways, Airways, and Waterways: How Can Users Be Charged (1993)
"The Prescription for Efficiency: Set Price Equal to marginal cost To achieve efficiency, the price of a service should equal its marginal cost-or, ..."

3. Mega-City Growth and the Future by Roland J. Fuchs (1994)
"If the price exceeds the marginal cost of service provision, then the benefit of its ... By the same argument, when the price is lower than marginal cost, ..."

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